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Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake! Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake!

Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake!

The stock has delivered strong returns over the past 5 years, with a multibagger return of over 220 per cent.

Kiran Shroff 0 578 Article rating: 5.0

According to the quarterly results, the net sales decreased by 6.79 per cent to Rs 1,702 crore, operating profit increased by 33.33 per cent to Rs 132 crore and net profit increased by 9.30 per cent to Rs 47 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 64.69 per cent to Rs 6,927 crore and net profit increased by 47.74 per cent to Rs 164 crore compared to FY22.

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FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent! FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

The stock has delivered strong returns over the past 5 years, with a multibagger return of over 200 per cent.

Kiran Shroff 0 6719 Article rating: 3.7

According to the quarterly results, the net sales decreased by 6.79 per cent to Rs 1,702 crore, operating profit increased by 33.33 per cent to Rs 132 crore and net profit increased by 9.30 per cent to Rs 47 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 64.69 per cent to Rs 6,927 crore and net profit increased by 47.74 per cent to Rs 164 crore compared to FY22.

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Overnight Digest: Stocks likely to be in focus on February 7 Overnight Digest: Stocks likely to be in focus on February 7

Overnight Digest: Stocks likely to be in focus on February 7

On Friday, auto, PSU Bank and realty indices were down 1-2 per cent, while metal index shined gaining over 1 per cent. BSE midcap index fell 0.68 percent and smallcap index shed 0.45 per cent.

Shreya Chaware 0 1408 Article rating: 4.2

On Friday, the benchmark indices ended the week in red in the volatile session on with selling seen in the PSU Bank, auto and realty stocks.

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SEBI Registered Research Analyst Details:
Registered Name: DSIJ PRIVATE LIMITED
Type of registration: Non-Individual
Registration No.: INH000006396
Validity: Oct 05, 2018 - Perpetual

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SEBI Registered Investment Adviser Details:
Registered Name: DSIJ PRIVATE LIMITED
Type of registration: Non-Individual
Registration No.: INA000001142
Validity: Aug 19, 2019 - Perpetual

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Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
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